Quote:
Originally Posted by Hakkaboy
I've never leased a car before, but isn't there some sort of equity on non-Telsa leases where you could either purchase the car at end of the lease (or even some positive equity on trade ins) that you won't get on a Telsa as that's purely a rental without any buy out possible?
That and people still drive 20k/year?
Gotta admit though, the way they layered in the "gas savings" is a great marketing trick.
|
With conventional leases, the buyout price is listed at the beginning of the loan - this is the manufacturer taking an educated guess as to what your car will be worth at that time.
If the 2023 Civic, in 4 years, has a buyout price of $12,000; but in actuality in 2027 after Covid-III, the car is worth $40K, then you buy the car outright for $12000+tax/fees, and you own a car worth $40K. If it's worth $6k at the time, you just give it back to the dealer.
The "gas savings" shtick Tesla uses bothers me - it's not $499/month, it's $910/month with money you're not spending on gas. It's kinda the same thing, but isn't really. At least now their website actually shows you the $910, before it didn't used to.